Risk budgeting is a portfolio strategy where each asset contributes prespecified amount to the aggregate risk of portfolio. In this work, we propose an efficient numerical framework that uses only simulations returns for estimating portfolios. Besides general cutting planes algorithm determining weights portfolios arbitrary coherent distortion measures, provide specialised version Expected Shor...

This study examines the effect of performance-based budgeting on financial management selected Ministries, Departments, and Agencies (MDAs) in Nigeria. The focuses three key components budgeting: performance metrics, outcome-based budgeting, contracting. Financial is assessed based budgetary control, internal controls, cash debt management. utilised a survey research design focused MDAs with of...

In large organizations, division managers are not necessary solely motivated by profit maximization goals but rather by some self – interest motives. These self-interest motives may explicit itself in the organization budgeting process. A control problem arises usually when division managers use their private information to make decision consistent with selfinterest rather than the interest of ...

CONCEPTUAL FOUNDATIONS The Agricultural Risk Management SimProbabilistic budgeting methods are used in ulator (ARMS) is a microcomputer program ARMS to evaluate the impact of alternative designed to help users evaluate strategies for management strategies on annual net cash managing yield and price risk in crop farming flow probability distributions. Probabilistic operations. Risk management st...